Riggs Asset Managment Co. Inc. Takes $8.89 Million Position in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)

Riggs Asset Managment Co. Inc. acquired a new position in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) in the third quarter, Holdings Channel reports. The institutional investor acquired 63,709 shares of the company’s stock, valued at approximately $8,887,000. iShares S&P Small-Cap 600 Growth ETF accounts for about 2.4% of Riggs Asset Managment Co. Inc.’s holdings, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of IJT. International Assets Investment Management LLC purchased a new position in iShares S&P Small-Cap 600 Growth ETF during the second quarter worth about $27,000. Montag A & Associates Inc. acquired a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 1st quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares S&P Small-Cap 600 Growth ETF in the 2nd quarter valued at approximately $31,000. Cedar Mountain Advisors LLC purchased a new stake in iShares S&P Small-Cap 600 Growth ETF in the second quarter valued at approximately $33,000. Finally, HHM Wealth Advisors LLC acquired a new position in iShares S&P Small-Cap 600 Growth ETF during the second quarter worth $34,000. 55.81% of the stock is currently owned by hedge funds and other institutional investors.

iShares S&P Small-Cap 600 Growth ETF Stock Performance

Shares of IJT traded down $0.35 during midday trading on Friday, hitting $136.05. 42,841 shares of the stock were exchanged, compared to its average volume of 118,625. iShares S&P Small-Cap 600 Growth ETF has a 52-week low of $102.64 and a 52-week high of $143.97. The stock has a fifty day simple moving average of $136.95 and a 200 day simple moving average of $132.44. The firm has a market cap of $6.37 billion, a P/E ratio of 14.69 and a beta of 1.13.

iShares S&P Small-Cap 600 Growth ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were issued a dividend of $0.5237 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

About iShares S&P Small-Cap 600 Growth ETF

iShares S&P Small-Cap 600 Growth ETF, formerly iShares S&P SmallCap 600 Growth Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest growth characteristics.